Banking & Finance

Helping girls earn and manage money is an integral part of the Girl Scout Leadership Experience. Your troop is responsible for planning and financing its own activities. This gives girls the opportunity to be in charge, and with your supervision and guidance, to cooperatively set goals, manage budget, spend responsibly and maintain records. Girls will gain effective marketing skills, business ethics, math and financial skills.

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General Girl Scout Banking Information

Banking Best Practices

Girl Scouts of NE Kansas & NW Missouri believes helping girls earn and manage money is an integral part of the Girl Scout Leadership Experience (GSLE). Your Girl Scout troop is responsible for planning and financing its own activities. This gives girls the opportunity to be in charge, and with your supervision and guidance, to cooperatively set goals, manage budget, spend responsibly and maintain records. They will also gain effective marketing skills, business ethic, math and financial skills. Regularly share the troop’s account activities publicly at troop meetings.

Adults are to guide the girls and coach them on how to spend their earnings in responsible ways to support their Girl Scout program.

Keep all receipts from all GS transactions for a recommended minimum of 3 years.
Ensure troop funds are used by the troop.
Balance your checkbook each month by comparing receipts with the bank statement.
Use your Girl Scout checks or debit card for all troop spending.
Be sure all troop money goes through the troop bank account.
Include girls on all financial decisions – It’s part of the GSLE!
Be sure to provide an accounting of troop expenditures/deposits on a regular basis with the families in your troop. The Finance Tab in your troop’s VTK is a great place to do so.
Deposit all money. Do not hold on to parent and customer checks or other forms of payment for more than a week

Questions? Email us.

Troop Finance

Non-BOA troop leader account holders are required to and are responsible for reporting all troop account activities at the end of every Girl Scout year using the Finances tab in the Volunteer Toolkit.

BOA troop leaders are NOT required to submit an annual finance report. However, we encourage troop leaders to use the Finance tab in the VTK and share this information with your troop on a regular basis.

Disbanding Troop or Girl Transfer Information

Troop Funds - Disbanding Troop

Refer to the Troop Finances section of Volunteer Essentials for more information on approved guidelines for troop funds.

Prior to disbanding, the group may decide to participate in an activity or event that the girls choose. They may also decide to donate any unused funds to their Service Unit or to another Girl Scout troop for girl activities. Abandoned Girl Scout monies left in bank accounts becomes the property of the Girl Scouts of Northeast Kansas and Northwest Missouri council to be used to support continued members of the Girl Scout program.

Girls transferring to another troop

When a girl transfers to another Girl Scout troop, troop funds should also be transferred to the receiving troop. The amount that is transferred is based on the amount of money in the troop account and the number of girls in the troop. The amount is not, by any means determined by how much a girl raised in money earning programs. The whole amount that is in the account should be divided by the number of girls in the troop. This number is the amount that should be sent to the receiving troop. The monies should be transferred via a check sent to the receiving troop leader made out to the receiving troop.

Example: Erica is moving to a different town and will be joining a new troop. Her current troop account has $300.00 balance. Her current troop has 12 girl members. (300/12= 25) A check for $25.00 should be sent to her receiving troop. **At no time should money from a disbanding troop be given to a girl or parent for personal use.

As when closing a personal account, be sure all checks and other debits have cleared the account before you close it, and realize that you may have to close the account in person. Turn remaining funds over to your service unit support manager.

Determining Banking Method

Before you can open a Girl Scout bank account, each account signer must:

Be a registered Girl Scout member. Join now
Pass a background check

There are two methods of opening a Girl Scout bank account— the Bank of America method and the Non-Bank of America method. Your service unit number determines which method to use.

Bank of America Service Units: 601, 604, 605, 607, 608, 611, 618, 620, 631, 632, 635, 636, 638, 640, 641, 642, 645, 646, 648, 649, 650, 651, 653, 654, 664, 670, 671, 672, 674, 675, 678, 679, 682, 694, 716

Non-Bank of America Service Units: 614, 657, 661, 685, 701, 702, 704, 706, 707, 714, 801, 805, 806, 808, 814, 816, 820

Bank of America Method

Process for New Accounts

Opening a new account

Each account is only allowed ONE Visa debit card known as the Lead Debit Cardholder
The Lead Debit Cardholder should start the process by completing the 'New Troop Account' request form linked below
Upon completion of the form the Lead Debit Cardholder will be emailed a confirmation that their request has been received and will be notified once the account is approved and established.
Once the request is submitted the Council Banking Manager will review and process the request.
The account should be opened within 5-7 business days.
An important email confirmation will be sent to the account signer stating pertinent account management information.
Bank of America will send 1 Visa debit and 1 ATM deposit card to the Lead Cardholder directly.

New Troop Account Request Form

Process for Secondary Account Signer

Becoming a Secondary Account Signer Only (ATM deposit card only)

Each account is required to have a secondary Account Signer
To request to be added to the account as a secondary Account Signer, use the 'Updating Volunteer Contacts' form linked below.
Upon completion of the form the Account Signer will be emailed a confirmation that their request has been received and will be notified once their request has been approved.
Once the request is submitted the Council Banking Manager will review and process the request.
The request should be processed within 5-7 business days.
An important email confirmation will be sent to the account signer stating pertinent account management information.
Bank of America will send 1 ATM deposit card to the Account Signer directly.

Update Volunteer Contacts Form

Process for Signer Change/Account Change

Change the Lead Debit Cardholder and change the account

To change troop account Lead Debit Cardholder, which also closes the old account and opens a new one, complete the 'Update Volunteer Contacts' form linked below.
Upon completion, the request will be sent to the council Membership Manager for approval to take over the troop’s bank account.
The new account should be opened within 7-10 business days.
An important email confirmation will be sent to the account signer stating pertinent account information.
Bank of America will send 1 Visa debit and 1 ATM deposit card to the new Lead Debit Cardholder account signer directly.
The previous troop account will automatically be closed and remaining funds will be transferred to the new troop account.

Update Volunteer Contacts Form

Bank of America Forms & Resources/Online Banking

Troop Funds Transfer Request
Check Request
Online Banking
BOA Deposit Slips Request - Cookie Program

Bank of America Key Points & FAQs

Key Points

Important things to know about your new BOA account:

Troops will not receive paper checks. Check requests can be submitted.
Deposits are made into the council’s umbrella account at an ATM using a deposit card. These deposits will be loaded electronically onto your troops Visa debit card on the next business day.

Don’t: Go into a Bank of America Branch to open a new account
Do: Use the link to start your banking process

Don’t: Go to a Bank of America Branch to remove/change a signer
Do: Use the link to change account signers

Don’t: Go into a Bank of America Branch to close an account
Do: Email the Council Banking Manager troopbanking@gsksmo.org

Don’t: Direct banking questions to Bank of America employees
Do: Email the Banking Coordinator at troopbanking@gsksmo.org

Don’t: Request a PIN for your ATM deposit card from Bank of America
Do: Know that all ATM deposit card PIN’s are the 4 digit troop or SU number
(If your SU/Troop number is less than 4 numbers you will add ‘0’s the beginning of your SU/Troop or SU number until it is 4 digits long i.e., Service Unit number 600: The PIN number will be ‘0600’.)

Don’t: Look for a PIN in the mail for your Visa Debit card
Do: Pick your PIN when you activate your Visa debit card

Don’t: Pass your Visa debit card on to a new Lead account holder
Do: New account holder should complete the process for Changing the Lead Cardholder on our website.

Contact Information

Online Banking - GSKSMO Customer Care (800) 728-8750
Report Your Card Lost/Stolen (866) 213-8564
Fraudulent Activity (866) 213-8564
ATM issues - GSKSMO Customer Care (800) 728-8750

Non-Bank of America Method

Open/Change Account: STEP 1: Complete the Open/Change Bank Account Form

The GSKSMO Troop Banking Department will assure that the named signers on your form are listed in the GSUSA membership database as the current appointed leaders of the troop/group and have passed a background check.

Once all volunteer roles and background checks are finalized, the council emails the banker a letter authorizing the group to open a business checking account using the EIN (Employer Identification Number) of GSKSMO

You will receive a copy of the authorization letter sent to the bank.

STEP 2: With authorization letter in hand, return to your banker and fill out signature cards and get your documentation of your account routing and account number.

STEP 3: Submit your new routing and bank account number with an image of a voided check to the Product Program Department for electronic payments to the council with the Annual Bank ACH Authorization form.

*Note: If your troop does not have checks to submit for the Annual ACH Authorization, you can submit a letter from your bank that states your routing and account number.
Bank Account Set Up: All bank accounts are titled in the name of Girl Scouts of NE KS & NW MO, troop # _____, service unit # ____, or day camp service unit # ____, with a minimum of THREE authorized, unrelated signatures (one must be a service team member). The elected treasurer in teen troops can be one of the authorized signers. Only one signature is required on each check.

Resolution: If your bank asks for a signed resolution, ask them for the Resolution for Lodges, Schools and Other Unincorporated Groups. Complete it using your troop’s meeting day and time as authorization. Include the number of signatures required. Cross out the word “secretary” and write “troop/service unit/day camp leader,” and sign and date the form. Other requests for corporate resolutions should not be completed.

Service charges: Some banks waive or reduce service charges for Girl Scout troops. Check with your bank when opening the account. Your service team should be consulted for names of banks waiving service charges.

Printing troop checks: Print checks with Girl Scouts of NE KS & NW MO on the first line and your troop/service unit # or day camp service unit # on the second line. Do not put a mailing address on the checks. The bank will ask you for a mailing address for their records—supply your home address. Addresses on checks complicate changes in bank account leadership. Some banks ask for additional information. If you need assistance, contact your council membership staff.
Contact Information: Questions? Contact Troop Banking at customercare@gsksmo.org or (800) 728-8750